A surprise tax on second homes in New York City has brought together unlikely allies in the city's budget battles. In a rare display of bipartisan unity, City Comptroller Brad Lander and Mayor Eric Adams have found common ground with Republican state Senator Andrew Lanza and Democratic Governor Kathy Hochul over the proposed tax. The levy, aimed at curbing the city's growing housing market, would see a 2.5% tax on second-home owners, generating an estimated $100 million in revenue. As Hochul and Lanza push for the tax in Albany, it remains to be seen whether the measure will pass, but its unlikely supporters are already making their voices heard.
City’s second-home tax unites Mamdani, Hochul after budget fights Crain's New York Business
